Banco Industrial Sets Target

Banco Industrial Sets Target

Guatemala Bonds

Guatemala’s Banco Industrial is aiming for a low 6.00%-area yield on a new $300m 2022 senior unsecured bond, according to people following the deal, expected to price as soon as today. The price talk is inside Industrial’s own $150m 10-year subordinated Tier 2 bonds, which were trading around 6.79% Wednesday. Investors expect the deal to offer an attractive pickup to the Guatemala sovereign (Ba1/BB/BB+), trading recently at 4.20%-4.30% levels. Baa3/BB Industrial ended a 3-day US, European and La

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